Professor Chen Chun, academician of the CAE Member: Hong Kong can be a test field to promote the development of the third generation Internet

It is reported that at the founding ceremony of the Hong Kong Web3.0 Association, Professor Chen Chun, an academician of the CAE Member, delivered a speech saying that Hong Kong can give full play to the advantages of one country, two systems, boldly take the lead, explore the innovation of digital finance mode and business, bravely act as a pilot field for promoting the development of the third generation Internet, promote the deep integration of the digital economy and the real economy, and drive the transformation of production, life and governance methods with digitalization, Helping China become a leading player in the development of the world’s digital economy in the 21st century. I believe that Hong Kong can also find a new development direction and gain stronger development momentum while serving the national strategy.

Professor Chen Chun, academician of the CAE Member: Hong Kong can be a test field to promote the development of the third generation Internet

I. Introduction
A. Explanation of Professor Chen Chun’s speech
B. Importance of Hong Kong in the third generation internet
C. Explanation of the one country, two systems policy
II. Hong Kong’s Advantages
A. Overview of Hong Kong’s economy
B. Benefits of one country, two systems
C. Hong Kong’s strategic location
III. Innovation of Digital Finance
A. Overview of digital finance
B. Importance of digital finance
C. How Hong Kong can become a leader in digital finance
IV. Business Innovation
A. Overview of business innovation
B. Importance of business innovation
C. How Hong Kong can become a leader in business innovation
V. Integration of Digital Economy
A. Explanation of digital economy
B. Importance of integrating digital economy
C. How Hong Kong can promote the integration of digital economy
VI. Transformation with Digitalization
A. Benefits of digitalization
B. Explanation of transformation with digitalization
C. How Hong Kong can drive the transformation of production,
life, and governance methods with digitalization
VII. Conclusion
A. Hong Kong’s importance in the development of the third generation internet
B. Hong Kong’s potential to become a leading player in the digital economy
C. Importance of serving the national strategy

Hong Kong can lead in the third generation internet

At the founding ceremony of the Hong Kong Web3.0 Association, Professor Chen Chun, an academician of the CAE Member, delivered a speech on Hong Kong’s potential to become a leading player in the development of the world’s digital economy in the 21st century. Professor Chun believes that Hong Kong can give full play to the advantages of one country, two systems, boldly take the lead, explore the innovation of digital finance mode and business, and promote the deep integration of the digital economy and the real economy.
Hong Kong, a Special Administrative Region of China, has a unique geopolitical status that has been beneficial in its development as a global financial center. With a GDP of over 350 billion USD and a population of 7.5 million, Hong Kong is one of the most prosperous and dynamic economies in Asia. Its open port and strategic location have made it an important trading hub between the East and the West.
Digital finance is an area where Hong Kong can lead. As the industry evolves, traditional financial institutions must adapt to new technologies and business models. Cryptocurrencies, blockchain, and smart contracts are technologies that have the potential to revolutionize the financial industry. Hong Kong has the potential to become a hub for innovation in digital finance. To achieve this, it is essential that the regulatory framework is flexible and supportive of innovation.
Business innovation is another area where Hong Kong can lead. Hong Kong has a strong business ecosystem, with a well-educated workforce and a robust legal system. With a government focus on innovation and entrepreneurship, Hong Kong has become an attractive destination for startups. By creating an environment conducive to business innovation, Hong Kong can attract more startups and entrepreneurs.
The integration of digital economy into the real economy is another area where Hong Kong can lead. Digital economy refers to the economic activities that are enabled by digital technologies. These activities are increasingly important in the modern economy. Hong Kong has the potential to facilitate and promote the integration of digital and real economies. This will enable businesses to innovate and grow in a digital age, while benefiting from the advantages of the traditional economy.
The transformation of production, life, and governance methods with digitalization is a key area where Hong Kong can lead. Digitalization has the potential to transform many areas of life, including production, transportation, healthcare, and governance. By embracing digitalization, Hong Kong can pursue new strategies, create new business models, and achieve greater efficiency and effectiveness.
In conclusion, Hong Kong has the potential to become a leading player in the digital economy. With its advantages of one country, two systems, strategic location, and robust economy, Hong Kong can boldly take the lead in exploring the innovation of digital finance mode and business, promoting the deep integration of the digital economy and the real economy, and driving the transformation of production, life, and governance methods. This will help China become a leading player in the development of the world’s digital economy in the 21st century.

FAQs

1. What is digital finance?
Digital finance refers to the use of digital technology to provide financial services. This includes technologies such as blockchain, cryptocurrencies, and smart contracts.
2. How can Hong Kong become a leader in digital finance?
Hong Kong can become a leader in digital finance by creating a supportive regulatory framework for innovation, and by encouraging fintech startups to establish themselves in the region.
3. What is the digital economy?
The digital economy refers to all economic activity that uses digital technologies to create, process, and distribute goods and services. It includes e-commerce, social media, and other forms of online activity.